Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.
Markets
XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings
XRP prices jumped to 73 cents from 65 cents in 25 minutes after a tweet suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S.
Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing
A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
The U.S. government tomorrow will report on October inflation data.
Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares
Ethereum related products witnessed the largest amount of inflows since August 2022.
Solana’s SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months
Solana price (CoinDesk)
First Mover Americas: Ether Surges on BlackRock’s ETF Plans
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Could Hit $69K by Mid-2024 as It Enters Acceleration Phase, Analyst Says
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
Michael Saylor’s Massive Bitcoin Bet Crosses $1B in Unrealized Profit
Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.